Toronto Immigration Firm Charges $170K for Fake Jobs in Canada

Toronto is one of the best places to live not only in Canada but in the world. A lot of people want to move to Toronto and a huge number are from overseas. Unfortunately, some crooks are taking advantage of this and charging would-be Chinese immigrants exorbitant amounts for immigration opportunities.

Immigration Scam?

A Toronto immigration firm was found out to be charging as much as $170,000 to cover a would-be immigrant’s paper trail, wages, and employer’s fee as unveiled by an undercover CBC journalist. The journalist posed as a Chinese National who wants to seek permanent residence in Canada. Those who want to be an immigrant with the help of WonHoTa Consulting Inc. have to pay the $170,000 fee directly to the personal account of WonHonTa’s sole director (done to get out of paying taxes). More details about how everything worked with WonHonta was shared via WeChat by Jiacheng Song, manager of Nanjing Youtai Investment Consulting Co. Ltd, an affiliate of the immigration firm. Song wrote that they have employers who work with them in exchange for money. The employer gets paid for sponsoring clients for immigration and in turn, makes easy money while getting free labour for half a year.

Fake Jobs for Permanent Residency

Simply put, WonHonTa Consulting offers fake jobs to aspiring immigrants as shared by Vancouver immigration lawyer and policy analyst Richard Kurland. This practice is illegal and hurts the integrity of the Canadian immigration program plus also affects legitimate immigrants who follow the rules.

The truth is, real jobs are not easy to find and very few are really good opportunities. Nanjing Youtai finds Chinese nationals who want to immigrate to Canada and refers them to Toronto-based WonHonTa. For the undercover journalist, Song recommended that he consider Atlantic Canada or Saskatchewan because it is a lot easier to get to them with lower requirements and shorter waiting times. Song further shared that in the past year, he was able to get about 10 Chinese nationals to Saskatchewan and about 12 to Atlantic Canada.

WonHonTa promotes employment to a range of skilled jobs via WeChat. They mention daycare workers, sewing machine operators, welders, and more. They also claim to have a national network of headhunters who recruit willing employers and states that some of them are even government immigration officials. They claim to help a lot of people find success and so that justifies their increasing fees. They also say that without a certain fee, employers won’t want to be a part of their operations. Note that foreign workers need to prove that they are employed in a skilled profession in Canada so that they can qualify for permanent residency.

Tracking the Fraud

The people behind WonHonTai and Nanjing Youtai repeatedly told the undercover journalist that it is unlikely that their scheme will ever be uncovered. They also said that if the immigrant will choose to work in the Canadian company that sponsored them for real, they will get back some of what they paid in the form of wages. The concerning detail is that they claimed that they will also provide the necessary documentation should the immigrant choose not to work, just to make things look good on paper and make it seem like the immigrant is employed. There are more details but it took someone going undercover to flush out the truth.

Perpetrators of fraud are getting smarter. It is best to be on the lookout and be wary of offers that seem to good too be true or too easy. If in doubt about a possible fraudulent work opportunity in Toronto, it is best to stay informed and maybe consult private investigators in Toronto for help. Contact Haywood Hunt & Associates today!

 

 

 

The 3 Most Common Types of Identity Theft

Identity fraud and identity theft are common occurrences these days. They happen when someone obtains and uses someone else’s personal data in a fraudulent or deceitful manner for economic gain or other reasons. The problem is becoming even more prevalent because of misinformation online and the lack of response from appropriate agencies to fix it.

The categories of identity theft include:

  • Account takeover fraud
  • Business or commercial identity theft
  • Criminal identity theft
  • Identity cloning
  • Medical identity theft
  • New account fraud

For this write-up, we will focus on just the 3 most common types of identity theft because each type above has numerous subtypes and may need an entire book to cover everything. It is important to spread awareness about the common types of identity theft because not only can they result in financial loss, some examples can really destroy lives for the long-term.

Account Takeover Fraud

The most common account takeover fraud is financial identity theft wherein the criminal uses another person’s account information such as bank account details to obtain services and products. It can also mean withdrawing money from a person’s bank account. Oftentimes, perpetrators get the data from online sources such as by phishing or can be offline sources such as lifted from purses or wallets, the mail, the phone, or even by going through the trash. Most of the time, the victim is the first person to notice discrepancies such as additional charges on a credit card, unauthorized withdrawals on a bank account, or having a few bounced checks. Oftentimes, perpetrators pose as the victim to pull off this type of identity theft.

Business or Commercial Identity Theft

Using another person’s name or business details to get products and services fall under business identity theft or commercial identity theft. The usual way this is done is by using a company’s or an individual’s social security number. Some numbers that are readily available in dumpsters, public records, and the like may also be used to commit this type of identity theft. In a lot of cases, business identity theft is an inside job or committed by ex-employees or current staff. Most victims of business identity only became aware of the crime after significant losses or until when someone notices discrepancies in the records. The reason why businesses can often lose large amounts of money to this type of identity theft is because this can go on for years without anyone noticing.

New Account Fraud                      

New account fraud is when someone else uses another person’s details and good credit standing to create a new fake account to obtain products and services. This can be done by creating a new cell phone, new credit card, or new utility bill account using the stolen details of another person. The thief will use another mailing address so the real person behind the stolen identity will not know about the fraud until much later when there’s already been a lot of debt under their name or SSN or when they get turned down from credit application because of bad debts that they know nothing about.

Were you a victim of identity fraud? Do you know that private investigators can help you uncover the people behind it as well as check for possible breaches in your privacy to prevent it from occurring again? Contact us at Haywood Hunt to know more about identity fraud prevention and what actions you can take against it!

Sentence for $41M Revenue Canada Fraud Increased to 3 Years

Kevin Plange, a Toronto man who has been found to have almost defrauded $40 million from Revenue Canada was given an increase of prison sentence. Ontario Court of Appeal said that the 18 months ruling which was initially given to Plange was too short a time for the crime he committed and so the sentence was upped to 3 years.

Appeal Court Steps In

According to the Appeal Court, the sentence initially imposed was not fit when compared to other large-scale frauds and that the sentencing judge understated the respondent’s moral blameworthiness. With this said, the court also decided that the initial time served is enough and Plange does not have to go back to jail. The court also said that his rehabilitation showed that there is no need for serving more time in jail.

On a separate note, the Appeal Court upheld the validity of serving a mandatory sentence of 2 years of jail time for fraud over $1 million. They also added that the trial judge engaged in unacceptable hypothetical exercise by determining that provision as unconstitutional.

Case Details

Plange is a University of Toronto arts graduate who has been earning well. He developed a gambling problem which resulted in huge debts. By his admission, he engaged in a year-long scam starting August 2013 in which he made 28 fake direct-deposit information forms to CRA.

Because of the above, CRA deposited millions of dollars in tax refunds and rebates owed to 12 huge corporations into bank accounts controlled by Plange. When things were discovered, CRA has already paid Plange almost $42 million. It was only due to bank diligence that Plange was only able to withdraw $15,000. Considering everything, the defrauded amount is still more than $1,000,000.

Superior Court Justice Shaun Nakatsuru considered the mandatory minimum of 2 years imprisonment as cruel and unusual although he acknowledged that it was not out of line for what Plange did. Instead of the mandatory sentence for fraud over $1,000,000, he sentenced Plange to 18 months and reduced to 13 months for pre-sentence bail conditions and time served. The Crown appealed for both and the Appeal Court agreed on both appeals. The Appeal Court stated that Nakatsuru engaged in wrong speculation and used hypothetical situations where the mandatory minimum could be seen as excessive. They also said that any future attempt to overturn the mandatory minimum will undergo an evaluation based on the facts presented and the time.

Unjust Sentencing?

Regarding the sentence given to Plange. The Appeal Court found out that the judge believed Plange’s excuses that the fraud committed was spontaneous, simple, and was a one-time act. The Appeal Court also said that this claim is incomplete and made to understate the effort made by Plange to commit fraud.

Fraud is everywhere and people will do anything to excuse the fraud they’ve committed. If you want to know the truth, you will have to dig deep with the help of professionals. If you need private investigation services such as consulting, surveillance, background checks, or more, contact us to talk to our private investigators.

The Big Cost of Small Business Fraud

Small business fraud happens across all countries and social status. Although the figures we shared in this write up is a couple of years old, the trend remains the same and it is clear that small business fraud is costing companies a huge amount of money each year.

Losing Money to Fraud

The Association of Certified Fraud Examiners releases the Report to the Nations on Occupational Fraud and Abuse every couple of years. It showed that in 2016, business fraud for 114 countries clocked in a median loss of $150,000 per company and that it took approximately 18 months before fraud was detected. Another shocking fact is that 76% of fraud was by people from each company’s customer service, purchasing, operations, sales, management, and accounting departments.

Effect of Fraud for Small Businesses

Given the median figure lost to fraud, it isn’t difficult to imagine how much fraud affects small businesses. Generally speaking, small businesses do not have enough buffer to cover a median loss of $150,000, unlike bigger businesses. A business worth $500,000 will no doubt be crippled by a loss of $150,000 versus a business worth a couple of millions which will have an easier time bouncing back. Note too that despite fraud getting uncovered, 58.1% of all victim companies do not ever recover any of their fraud-related losses.

Now, consider too that more than 23% of victimized companies lose more than $1,000,000. A loss this huge will force a small business to close doors or downsize to the point of only operating with a skeleton crew.

It is Time to Act Against Fraud

With the scary figures shared above, there is no better time to act against small business fraud than now. There is no need to wait until you uncover fraud in your organization when you can work against preventing it now. If you are a small business owner, you may want to take a closer look into how you run your company because it is small businesses that often do not have the correct measures to prevent occupational fraud from happening, to begin with.

Try to look from the top going to the bottom. Why? Because chances are that you’ll lose more to a manager committing fraud than an employee sneaking out a few office supplies home. Optimizing your internal control is one of the best ways you can prevent fraud in your business.

You can also implement counter checks to prevent fraud. You can start with making sure that there are multiple people with separate duties who are responsible for handling accounts payable and accounts receivable. This will minimize the possibility of an individual manipulating records to pocket some of the company’s funds. If this is not feasible for you, you can make use of digital tools that you can access anywhere you may be or perhaps outsource your bookkeeping so that a third party can easily detect any suspicious activity.

There are a lot more solutions to prevent small business fraud other than the ones outlined above. If you’re keen to know more, contact us at Haywood Hunt and find out how some of our private investigation services can be used to combat fraud in your organization.

 

Investment Company 1PLUS12 Allegedly Involved in Fraud – Sued for almost $2M by Investor

1PLUS12 is an investment company that used to be trusted by their clients until news broke out that they are possibly linked to a $17M Toronto mortgage fraud. One of their consultants was also involved in a B.C. based financial company that lost almost $19M of its investors’ and creditors’ money.

Ruined Reputation?

1PLUS12 calls itself an ‘international investment training company’. They also claim that they can make their clients rich through their unique and uncommon approach to investing.

An investigation by Global News unearthed two lawsuits with a total of $6.4M against 1PLUS12. Further digging revealed that 1PLUS12 is linked to a $17M high-end real estate mortgage fraud in Toronto. It also came to light that one of 1PLUS12’s consultants is the same person behind Dexior Financial, a B.C. company that is facing financial issues after losing $19M of its investors’ and creditors’ money.

Unworthy of Trust?

A former client, named Roman Turlo, is now suing 1PLUS12 for almost $2. Turlo stated that the company is making money off of trusting, innocent people, adding that the company allegedly misrepresented real estate opportunities in a fraudulent manner. Turlo further shared that 1PLUS12 claims to use a mix of international and local real estate plus optimized tax and legal strategies to help people become financially independent and free.

1PLUS12 Introduction – Who Are They?

1PLUS12 still operates unregulated by the OSC, the Ontario Securities Commission or the FSCO, the Financial Services Commission of Ontario – the agency that watches over the mortgage industry. To date, 1PLUS12 still have upcoming workshops scheduled for April 2019 and May 2019. Experts express concern that this is a reflection of problems Canada’s real estate and investment sectors.

Glenn Estrabillo, the CEO of 1PLUS 12, declined several requests for an interview by Global News. Estrabillo stated that the company is fighting defamatory and false allegations in court and that they will continue to stand by their investment strategy. To date, none of the allegations against the company have been in court.

Investment Gone Wrong

Turlo shared that he began investing with 1PLUS12 in 2013. He began taking seminars and claims that he spent more than $700,000 as part of an 11-person investing group under 1PLUS12’s guidance.

According to Turlo’s lawsuit, the company promised exclusive mentorship and unique real estate investments that can produce more than 20% in returns. As a group, they spent more than $5.6M on a dozen properties, 1 in Belize and 11 in Ontario. The investment was pitched to them as low risk with good returns. Things were as expected for the first few years until Turlo found out that one of the properties they invested in was sold without their knowledge. This made him suspicious. Later discoveries are even more alarming as he found out that there was no record that their group ever invested in any of the properties.

Updates

This case is currently ongoing in court and 1PLUS12 declines to give further statements, saying that they are aware of the comments against them by a small number of investors and that they are facing the said investors in court.

Are you planning to invest in real estate but not sure about the company you want to work with? Do you need professional help finding out detailed information in a legal manner? Contact us and we’ll discuss how our private investigation services can help safeguard your investments and your future against fraud. Talk to us as soon as possible!

Dishonest Pharmacists in Ontario Are Stealing Millions Meant for the Poor

Fraudulent pharmacists in Ontario have been pocketing millions of dollars meant for the poor over the past few years. Recent reports show that Ontario’s Drug Benefit program have been overbilled by dishonest pharmacists for hundreds of thousands of dollars up to a few million dollars at a time.

How Do They Do It?

A man who identified himself as ‘The Cleaner’ shared that he helps with the scam by fixing the papers and cleaning up the books of any pharmacy that availed of his services. He’s the person who makes the fraudulent pharmacy look as clean as any other pharmacy.

‘The Cleaner’ further shared that pharmacies flagged for overbilling by the Ontario Drug Benefit Program (ODB) usually call him to help them create a paper trail to hide their fraud and get them off the hook. The pharmacists are aware that they are committing fraud and that they could go to jail but that seems to push them, even more, to hire ‘The Cleaner’ to clean up their act and committing more crime in the process.

‘The Cleaner’ divulged that his long career in the health care field allowed him to have more insight about the system and said that he found ways to game it. He creates fake transfers from other pharmacies to fix discrepancies in inventory when Ministry of Health auditors look for medications that were billed by the pharmacy despite never having them in stock. To date, ‘The Cleaner’ helped disguise fraud in more than 100 pharmacies on Ontario in the last 5 years without breaking a sweat.

Pharmacists fool auditors with ‘The Cleaner’s’ coaching. He tells the pharmacists to tell the auditors that they simply forgot to enter certain data and to act like they knew about the medications but simply didn’t enter their data into the system. There are also instances when auditors inform the pharmacy that they are going to conduct an inspection ahead of time so ‘The Cleaner’ simply comes over and fixes what needs fixing in as little as just 3 hours.

The Big Impact

Ontario’s most vulnerable benefit from the medications provided by the ODB. The ODB provides medications for those on social assistance, the elderly, and children by shouldering most if not all of the medication cost for qualified patients. This program costs Ontario about $5.4 billion a year.

The province is billed by pharmacists every 2 weeks for the medications they dispensed to ODB patients and they are then paid afterward. Fraudulent pharmacists commit fraud by overbilling, listing drugs they never dispensed, and adding those to the bill they send ODB. Because of this, funds that are meant to go to the sick and needy are funneled into dishonest pharmacists’ pockets.

To date, very few pharmacists are getting caught and those that were caught usually manage to avoid jail. This is a problem that is costing Ontario a lot of money as there are instances when a caught pharmacist has several pharmacies all overbilling the province but can’t be charged due to lack of evidence.

Fraud happens in any industry. Pharmacy fraud has many aspects and uncovering one still leaves a significant number behind. All that can be done is to be more vigilant for fraud detection and to have safety measures in place for fraud prevention. Our private investigation services can help with these! Contact us today!

New Auto Fraud Laws Are Needed Says Insurer

Ontario will have new laws to combat and prohibit various forms of auto insurance fraud if a major insurer succeeds in convincing concerned offices that these are needed.

Insider Speaks Up

Aviva Canada’s senior manager of fraud operations Chris Lang says that there is a need for a more effective and efficient prosecution of auto insurance fraud in the provincial level. He says that those that knowingly present a false insurance claim should be charged with a provincial offence.

In Canada, fraud is classified as a federal offence but Aviva is opening the discussion for non-criminal provincial offences. These offences include workplace safety infractions, Highway Traffic Act violations, and discharging contaminants.

Most provincial offences in Ontario are either strict liability offences or absolute liability offences. This means that unlike a Criminal Code offence like assault or theft, the prosecutor does not have to prove in court that the accused person has a ‘guilty mind’ for strict liability or an absolute liability offence. More so, if charged with a “strict liability” offence, the accused person can defend herself or himself by providing that reasonable steps were taken to avoid the act.

A Clarification

Aviva is not pushing for auto fraud offences to be classified as absolute liability or strict liability offences, only that they’re pushing for a possibility that these new provincial offences may have a lower burden of proof than what is required for a burden of proof for criminal offences. According to Chris Lang, the idea is to call out those who intentionally and willfully commit fraudulent acts to gain financial advantage by deceiving companies. An example of this are people who file altered or forged documents for insurance claims either to file a false claim or file for a substantially larger claim. Another example is those that use fake information in their auto insurance application to get a lower premium, this fraud is under rate evasion.

Changes Are Truly Needed

Chris Lang adds that the Canadian insurance industry needs to work together and talk about solutions for addressing issues with fraud. He adds that in order to make meaningful changes, the auto insurance sector needs to work with front line consumers, the police, regulators, and the government, more so that by Aviva estimates, the Canadian auto insurance industry loses up to $2 billion a year to fraud.

Lang suggests that thinking the criminal justice system can adequately deal only a handful of auto insurance fraud cases make it to the reaches of public authorities and that an even smaller number results in a criminal sentence. The crown attorneys and the police simply don’t have the resources to contend with auto insurance fraud in light of everything else they are also handling.

74% or 3 out of 4 respondents in an Aviva poll said that they will support having a new set of provincial insurance fraud offences. The Pollara Strategic Insight survey involved 1,500 respondents from Ontario and was commissioned by Aviva in October 2018. The results have an accuracy rate of 19 out of 20.

Fighting fraud is made better by taking a proactive role against it. For more fraud prevention news, our private investigation blog is a great place to start. Contact us to dig up information against fraudsters or if you need help safeguarding yourself or your business against fraud.

Understanding the Real Cost of Fraud for a Business

It is undeniable that fraud can happen to anyone, including businesses big and small. When it is discovered that you or your business was a victim of fraud, accepting that fact and finding out that someone you trusted chose to steal from you is definitely challenging to deal with, not just financially but emotionally as well.

Anger typically follows the discovery and acceptance phase followed by feelings of grief, putting a strain on employees and the management thereby affecting the health of the entire organization.

How Fraud Affects Victims

Since we’re talking about fraud in the business sense, let’s look in to the possible effects of fraud when a business owner finds out that a trusted employee has been stealing from the company. Say a bookstore owner whose business is going bad discovered that an employee has been stealing books from the store. Then it was found out that the stolen books were donated by the employee to a good cause, a cause that the business owner fully knows his employee his passionate about because they’ve known each other for years beyond just work. How will this affect the business owner?

For one, there is a huge financial loss, more so for a business that is already struggling. However, there is also some moral dilemma considering that the stolen goods were used for a good cause, something that the business owner was aware his employee cared deeply about.

Asset misappropriation such as the case described here consists 89% of all cases of occupational fraud according to the Report to the Nations (ACFE). The loss from these types of crimes has a median value of $114,000, a huge loss that can make a small business go under.

In this case, the cost of loss over the years wasn’t more than a few thousand dollars but that amount could have meant life or death for a small business. To find out all the details of the fraud, private investigators were hired and an accountant and an auditor were paid to go over the company’s finances, almost doubling the cost of the theft.

The impact of this fraud for the business owner goes beyond financial loss. How can he trust his other employees when the one he trusted the most and thought of as a good person stole from his business? He may have to investigate deeper to find out if other employees were involved in fraud too, especially because his business is not doing good; which could have been a direct result of employees stealing.

The work environment will suffer as well. Everyone would be subject to suspicion and people will try to get out of a sinking ship, even if they did nothing to cause problems.

What to Do to Save the Business

When this happens, it is important for the business owner to talk with other employees and keep communication lines open to prevent further deterioration of the work environment and to help save the business. When investigations are ongoing, it is important for the other employees to be reassured that they won’t get in trouble unless they were also employed in occupational fraud.  The faster and more efficient the investigations are done, the easier it will be to go back to business and for the organization to hea and recoverl.

Are you dealing with theft or occupational fraud in your business? Hire our private investigators to find out the truth and help you devise ways on how to prevent fraud. Contact us at Haywood Hunt!

Holiday Scams to Be Aware Of

The holiday season usually brings with it increased criminal activity because people are often more generous and less wary during the season of giving. Here is our latest compilation on holiday scams that you should watch out for this year.

Fake Charities

People usually feel that giving to charities is a traditional part of the holidays and scammers are quick to take advantage of this to solicit donations via email, phone, social media, and even by knocking on your door. Just to be on the safe side, do a quick research before giving to any charity and verify that they’ve had a long presence before handing over your money. Refrain from responding to phone calls, emails, and the like until after you’ve verified that the charity is legitimate and that you are being contacted by the right people.

Gift Exchange via Social Media or Online Fora

There are various schemes that offer you rewards for giving a small fee. These schemes typically work like pyramid scams and will do anything to gain new members to keep the con going.

Letters to Santa

Refrain from giving out your personal information to companies offering personalized letters from Santa as the majority of these companies are not legitimate and are just phishing for information.

Fake Websites

Fake websites or misleading websites are in full swing during the holidays. You might think that you are logging in unto a site that you use but the moment you enter your username and your password, crafty scammers can steal your data. Always make sure that you are at the correct site before logging in.

Request for Use of Unusual Forms of Payment

Most websites and vendors accept credit card and Paypal payments via encrypted connections but scammers might ask for gift cards, prepaid debit cards, wire transfers, or other means to receive untraceable payment.

Bogus E-Cards

Electronic cards are a fun way to send holiday cheer but be sure to not click on links that do not identify the sender or those that require you to provide personal details. You’ll never know how the information you share may be used.

Fraudulent Shipping Notifications

If you’re not expecting a parcel, chances are there is no parcel and you’re being targeted for a scam. Some might send you emails and ask for a small delivery fee or want you to provide an ID before they can deliver the non-existent parcel. Just ignore them.

Free Gift Cards

One of the oldest internet scams. Offers of free gift cards just to complete a survey asking for your personal details are nothing but a scam.

Emergency Scam

Beware of calls claiming to be from loved ones or friends who are caught on an emergency. Oftentimes the caller will claim to be a relative or a friend on a holiday abroad with no means of getting home and will ask for money. Try to contact the real person via social media, email, or phone just to be sure.

Holiday Jobs Scam

Some scammers send out emails announcing that a big retailer is hiring for a temporary holiday job and all you need to do is provide personal information to be shortlisted for such jobs. Unless you can verify this from the retailer’s official website, keep in mind that it is unlikely that they’ll know your email to tap you for such an opportunity.

Do you think that your personal information has been compromised or feel that you’ve been targeted by holiday scams? Contact us if you need a private investigator in Toronto! We’re here to help!

Insurance Group’s Top Officers Allegedly Frauded Investors About $47 Million

The BCSC or the British Colombia Securities Commission recently issued a notice of hearing regarding fraud involving the top officers of a fast-growing insurance company. The insurance group’s leaders allegedly frauded hundreds of people by convincing them to purchase unsecured loan agreements.

Planned Fraud?

FS Financial Strategies Inc directors and founders Aik Guan “Frankie” Lim and Scott Thomas Low allegedly raised more than $47 million from 2012 to 2017 by failing to inform their investors that the company is in dire financial situation, not profitable, and was trying to cover expenses by raising money from unsuspecting investors.

The issued notice says that the company’s general manager Darrell Wayne Wiebe is aware of the true financial condition behind FS Insurance Group and helped commit fraud by advising Low and Lim about the amount of money that the company needs to raise from investors to stay in business.

BCSC disclosed that investors were promised monthly interest payments between 10% and 12% and basically created an illusion of profitability courtesy of Low’s and Lim’s actions. The duo reportedly opened new offices one after the other, donated money to charities, told customers that they are planning to take the insurance group public, and hosting expensive hotel parties for customers and staff.

More People Involved

The BCSC notice of hearing named 6 additional persons – Chun Ying “Jim” Pan, Chung-Sheng “Johnson” Kao, George Lay, Gagan Deep Bachra, Chi Kay “Dixon” Wong and Meng Cher “Philip” Tsai. These 6 individuals were appointed by Low and Lim as directors of FS Insurance Groups related companies and were part of the companies that allegedly sold securities without a prospectus and without a registration that allows them to engage in such business dealings.

Lim and Low are further alleged by the BCSC to have violated the B.C. Securities act by still engaging in the trade of selling securities despite making a legal promise to the BCSC’s executive director in 2014 saying that they would stop. This is aside from selling securities without registration, selling securities without a prospectus, and other allegations of fraud.

A Hearing is On Its Way

Everyone named in the notice is expected to attend the hearing scheduled on December 4, 2018, at 9 in the morning. Interested parties may view the notice of hearing at the BCSC website by using the search bar to look for the term ‘2018 BCSECCOM 330’ or any of the names of the respondents. If looking for information regarding disciplinary proceedings, it can be found in the BCSC website’s Enforcement section.

Note that the BCSC or the British Columbia Securities is an independent provincial government agency that is responsible for the regulation of British Columbia capital markets through the administration of the Securities Act. They act to protect a competitive and dynamic securities industry to provide investment opportunities to people and foster a securities market that is fair and trusted by people.

Are you in need of help from a private investigator in Canada to gather information to investigate a fraud? Contact us and we’ll discuss with you which of our private investigation services will be best for your needs.